The McKenna Professional Building | 96 Park St
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The McKenna Professional Building 96 Park St
6,500 SF 100% Leased Office Building Montclair, NJ 07042 $2,150,000 ($331/SF) 7% Cap Rate
Executive Summary
Unique opportunity to own a beautifully restored converted Grand Victorian Professional Office Building on Park Street. Quintessential stately historic Montclair building lovingly maintained by longtime owner. Prime location close to Bloomfield Avenue business district, Montclair High School and Walnut Street Train station. Bus in front of building. Fully occupied with stable professional/medical/counseling/therapy tenants. Flexibility for Buyer who wishes to occupy. Long rental history with low vacancy. Impressive original details include gorgeous front porch, gleaming wood floors, ornate stained glass windows & 5 ornamental fireplace. Shared conference room & kitchenette. 21 Parking spaces on .43 acres!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,500 SF
Building Class
C
Year Built
1910
Price
$2,150,000
Price Per SF
$331
Cap Rate
7%
NOI
$150,500
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,167 SF
Slab To Slab
12’
Building FAR
0.36
Lot Size
0.42 AC
Zoning
OR3
Parking
22 Spaces (4.07 Spaces per 1,000 SF Leased)
1 of 1
Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 13-02306-0000-00011 | Total Assessment | $824,800 (2024) |
| Land Assessment | $418,800 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $406,000 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
13-02306-0000-00011
Land Assessment
$418,800 (2024)
Improvements Assessment
$406,000 (2024)
Total Assessment
$824,800 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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The McKenna Professional Building | 96 Park St
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